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Source: International Monetary Fund - Deloitte · PDF file2 4 6 8 10 12 14 16 2009 2010 2011 2012 2013 2014 2015 Source: International Monetary Fund Note: updated analysis 2015 56

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2009 2010 2011 2012 2013 2014 2015Source: International Monetary Fund Note: updated analysis 2015

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2009 2010 2011 2012 2013 2014 2015

Source: International Monetary Fund

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Austria Central Europe South-eastern Europe

Central Europe: Czech Republic, Hungary, Poland, Slovak Republic and Slovenia South-eastern Europe: Bulgaria, Croatia, Romania, Serbia, Albania, Bosnia and Herzegovina, Kosovo Source: Coface Intercredit, KSV